We saw more volatility Wednesday following the release of January’s U.S. retail sales report.
The stronger-than-expected figure — retail sales jumped 3% in January versus estimates of 1.9% — is the latest in a series of economic numbers adding fuel to the rising interest rate fire, sending markets sideways.
When markets refuse to pick a direction, traders should look for individual stocks that have reason to move, which is a big reason why we’re seeing several earnings bets hitting the scanners Wednesday — including our good friend DoorDash!
With the company ready to report its fourth-quarter results after Thursday’s closing bell, shares rocketed as much as 9% higher, lighting up my options screens in the process.
Less than an hour into the open, a big-money trader backed up the delivery truck and loaded up more than 3,400 contracts of the Feb. 24 expiration, $70 strike calls for more than $800,000 in premium!
And that’s not the only tech stock the “smart money” is betting on to deliver gains — see for yourself…
- DoorDash Inc. (NYSE: DASH): Feb. 24, $70 CALL.
- Uber Technologies Inc. (NYSE: UBER): April 21, $35 CALL.
- Roblox Corp. (NYSE: RBLX): Feb. 17, $15 CALL.
- Barrick Gold Corp. (NYSE: GOLD): March 17, $13 CALL.
Check out my short video as I break down the day’s most unusual options order flow in no time flat!
It’s tough for me to say this…
But I am NOT bullish on stocks right now.
I’ve traded in my “perma-bull” status for a “bearish” one…
To be clear, I have very little faith in long-term investments at this moment in time…
Way too much money is leaving stocks to have any sort of bullish outlook.
It’s only a matter of time before many of our favorite names take the plunge deep into bear territory.
Yet at the same time, I’m excited about a totally new opportunity that’s opened as a result of this fleeting cash.
Something I consider a “Legitimate Investment Loophole” for regular traders.
Shadow Tracker With Lance Ippolitto
At Shadow Trader, we follow the big fish and what they’re buying. And we do that with my proprietary Shadow Scanner, which alerts me to big, institutional order flow through the day. Then we get in on these plays and follow the “smart money.”
The Shadow Tracker with Lance Ippolito is where I go over a few options trades that hit the Shadow Scanner each day, Monday through Thursday. I break down the trades with the sexiest order flow and tell you what could happen with those stocks by the next day’s opening bell.*
If you want in on these explosive options plays, be sure to sign up for Shadow Trader! We send entry, profit targets and exits directly to you via text and email alerts.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.